- Release Date: 12/11/12 13:20
- Summary: S/HOLDER: TWR: Low ball offer alert
- Price Sensitive: No
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TWR 12/11/2012 11:20 S/HOLDER REL: 1120 HRS Tower Limited S/HOLDER: TWR: Low ball offer alert 12 November 2012 Market Information NZX Limited Level 2, NZX Centre 11 Cable Street Wellington New Zealand Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 AUSTRALIA Stock & Share Trading - another low ball offer dated 6 November 2012 TOWER Limited (TOWER) has again been advised that Stock & Share Trading Company Pty Limited (Stock & Share Trading) has written to some TOWER shareholders, letter dated 6 November 2012, offering to buy TOWER shares for $1.00 per share. The price offered of $1.00 per share is a substantial discount to the current market price of TOWER shares. The market price of TOWER shares on the NZX was $1.92 per share at close of trading last week. TOWER understands that Stock & Share Trading is an Australian company, whose sole director and shareholder is John Armour. Should you as a TOWER shareholder receive such an offer, TOWER strongly recommends that you seek independent advice and check the most recent market price for TOWER shares on the NZX. Ends Bronwyn Walsh Company Secretary & Compliance Manager TOWER Limited ARBN 088 481 234 Incorporated in New Zealand End CA:00229586 For:TWR Type:S/HOLDER Time:2012-11-12 11:20:39
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